Hersha Hospitality Trust (NYSE:HT – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, Zacks.com reports.
According to Zacks, “Hersha Hospitality Trust is an entrepreneurial, high-growth real estate development and management company focussed on the hospitality industry. Hersha currently owns, operates, and develops a portfolio of hotels and assisted living facilities in the mid-Atlantic region of the United States. (PRESS RELEASE) “
Several other analysts have also recently weighed in on HT. B. Riley upped their price objective on shares of Hersha Hospitality Trust from $10.00 to $11.00 in a research note on Tuesday. Raymond James raised shares of Hersha Hospitality Trust from an “underperform” rating to a “market perform” rating in a research note on Monday, January 10th. BMO Capital Markets raised shares of Hersha Hospitality Trust from an “underperform” rating to a “market perform” rating and set a $10.00 price objective on the stock in a research note on Friday, January 7th. Finally, StockNews.com cut shares of Hersha Hospitality Trust from a “hold” rating to a “sell” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.35.
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Shares of NYSE:HT traded up $0.12 on Friday, hitting $9.41. 219,411 shares of the company were exchanged, compared to its average volume of 293,708. The company’s 50 day moving average price is $9.37 and its two-hundred day moving average price is $9.39. Hersha Hospitality Trust has a one year low of $7.92 and a one year high of $13.05. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.32 and a current ratio of 0.32. The firm has a market capitalization of $369.99 million, a price-to-earnings ratio of -5.70 and a beta of 2.53.
Hersha Hospitality Trust (NYSE:HT – Get Rating) last posted its quarterly earnings data on Wednesday, February 16th. The real estate investment trust reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.50). Hersha Hospitality Trust had a negative return on equity of 6.50% and a negative net margin of 15.94%. During the same quarter in the prior year, the company posted ($0.23) EPS. Research analysts predict that Hersha Hospitality Trust will post 0.7 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in HT. State Board of Administration of Florida Retirement System lifted its holdings in Hersha Hospitality Trust by 3.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 29,114 shares of the real estate investment trust’s stock valued at $267,000 after buying an additional 1,062 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Hersha Hospitality Trust by 4.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 32,700 shares of the real estate investment trust’s stock valued at $300,000 after buying an additional 1,500 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Hersha Hospitality Trust by 7.7% in the third quarter. The Manufacturers Life Insurance Company now owns 21,996 shares of the real estate investment trust’s stock valued at $205,000 after buying an additional 1,564 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Hersha Hospitality Trust by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 533,736 shares of the real estate investment trust’s stock valued at $4,980,000 after buying an additional 1,715 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in Hersha Hospitality Trust by 5.3% in the third quarter. State of Alaska Department of Revenue now owns 40,994 shares of the real estate investment trust’s stock valued at $381,000 after buying an additional 2,046 shares during the period. Institutional investors own 63.74% of the company’s stock.
About Hersha Hospitality Trust (Get Rating)
Hersha Hospitality Trust is a self-advised real estate investment trust in the hospitality sector, which owns and operates hotels in urban gateway markets. Its hotel properties are located in in New York, Boston, Philadelphia, Washington, the District of Columbia, Miami, and select markets on the West Coast.
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